This Yield Chart Phenomenon Is Known As An Uptrend

John Navin
, ContributorOpinions expressed by Forbes Contributors are their own.

Courtesy of stockcharts.com

Up, up and away.

The yield of the U.S. Treasury 10-year note is trending upward. This has been the case since at least the beginning of this year, as you can see plainly on the above daily chart. Today the yield crossed above the 2.9 mark -- quite a move from the 1.4 low of mid-2016 as seen on the weekly chart below:

Courtesy of stockcharts.com

Higher and higher.

Some analysts believe that these higher rates -- now available on bonds across the spectrum of maturities -- begin to provide competition for stocks when they reach certain levels. How true that is may become evident as we watch the stock market measures struggle to regain recent losses.